Rational Bias in Macroeconomic Forecasts
- 1 February 1999
- journal article
- Published by Oxford University Press (OUP) in The Quarterly Journal of Economics
- Vol. 114 (1) , 293-318
- https://doi.org/10.1162/003355399555918
Abstract
Do professional forecasters provide their true unbiased estimates, or do they behave strategically? In our model, forecasters have common informationKeywords
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